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could raise the debt ceiling only if we cut government spending as well. but where were they during those years? those very difficult or years? and incidentally, aye compile -- i've compiled the voting records on the debt increases that president bush requested during those years. and i hope, mr. chairman, i could insert them into the record. >> without objection. >> thank you. many senior members of this committee routinely voted to raise the debt ceiling during those years even though the money for the tax cuts and the wars was put on emergency basis for the purpose of hiding the costs. so i'm pleased that we're coming around to a more reasonable position today, and i hope that we're going to find a common path forward on many of these issues. mr. johnson, you state in your testimony that low unemployment depresses tax revenue, and this is the mayor reason for -- major reason for our current deficits and why they're so large. once the economy recovers fully and the unemployment rate is lowered, it certainly will take some of the pressure off of these discussions. acknowledging the
through a protracted fight over the debt ceiling in an effort to force deep cuts to social security, medicare and other programs important to the middle class. middle-class americans, remember how the tea party driven republicans forced the nation to the brink of default in 2011, sending the stock market into a tailspin and prompting a historic downgrade of america's credit rating. middle-class americans remember how the economy suffered and our bottom line suffered with it. middle-class americans remember the consequences of republicans' willingness to threaten a national default. i'm relieved that this time congress was able to reach a compromise and avoid a fight so middle-class families can get the certainty they badly need. would the chair announce the business of the day? the presiding officer: under the previous order, the leadership time is reserved. under the previous order, the senate will proceed to the consideration of h.r. 325, which the clerk will report. the clerk: calendar number 7, h.r. 325, an act to assure the complete and timely payment of the obligations of the
Search Results 0 to 1 of about 2